|Bid||86.60 x 100|
|Ask||87.10 x 100|
|Day's Range||86.67 - 88.38|
|52 Week Range||73.13 - 109.98|
|PE Ratio (TTM)||26.52|
|Earnings Date||May 17, 2018|
|Forward Dividend & Yield||2.08 (2.40%)|
|1y Target Est||105.56|
Walmart Inc. is close to finalizing a deal to buy a majority stake in India’s leading e-commerce company for at least $12 billion and may complete the agreement in the next two weeks, according to people familiar with the matter. All the major investors in Flipkart Online Services Pvt are now on board with the Walmart purchase, after an earlier debate over an Amazon.com Inc. acquisition, said the people, asking not to be named because the matter is private. Tiger Global Management will sell nearly all its 20 percent stake in Flipkart, while SoftBank Group Corp. will offload a substantial part of its 20 percent-plus holding, the people said.
Investors are focusing on Walmart's competition with Amazon, but these retailers could be more affected by the company's newest strategy.
Procter and Gamble (PG) saw improved sales and earnings performance in fiscal 3Q18. The company’s top and bottom line surpassed analysts’ expectations. However, the company’s soft organic sales growth rate and sluggish margins due to lower pricing and increased costs didn’t sit well with analysts.
Amazon.com Inc. has bulls bellowing happily after revealing its Amazon Prime subscription program exceeds 100 million members worldwide. “Amazon continues to have an ‘iron grip’ on the e-commerce market heading into the rest of 2018,” said Daniel Ives, GBH’s head of technology research, in a note late Wednesday. The figure came in above Wall Street’s estimate of 80 million Prime members and GBH’s projection of 92 million, Ives added.
The North Carolina farm at the center of a large egg recall had ongoing problems with rodents along with other unsanitary conditions, according to a U.S. government report this week that has reignited concerns over food safety in an industry that has shrunk to a small number of producers. An inspection report by the U.S. Food and Drug Administration said poultry houses at a facility owned by Rose Acre Farms, one of the largest U.S. egg producers, had prolonged rodent infestation. In addition, the report Tuesday said conditions in its egg-processing facility allow for pathogens to survive and spread. Rose Acre Farms, based in Seymour, Ind., voluntarily recalled nearly 207 million eggs on April 13, after more than 20 people reported salmonella illnesses that have been tied to the eggs. The Centers for Disease Control and Prevention on Monday launched an investigation into a salmonella outbreak that has spread to nine states.
Walmart Inc. paid its median worker $19,177 last year, while Chief Executive Doug McMillon earned $22.8 million, according to a securities filing.
Walmart Inc. has nominated McDonald’s Corp. Chief Executive Officer Steve Easterbrook to its board in a bid to bring on an adviser with experience abroad. Easterbrook, a 50-year-old British native, will replace Instagram founder Kevin Systrom, who is departing after four years to prioritize work and other outside commitments, according to a regulatory filing Friday. James Cash, Walmart’s lead independent director, is also retiring from the board after a 12-year tenure.
Walmart Inc. (WMT) today issued its 2018 Annual Report, Global Responsibility Report, an update on its Global Ethics and Compliance Program and filed its Proxy Statement in preparation for the company’s upcoming Annual Shareholders’ Meeting on Wednesday, May 30, 2018. “We’ve had an exciting year at Walmart.
Supervalu’s (SVU) stock has failed to please investors for quite some time now. Poor financial performance and growing pessimism for the food retailer after Amazon’s entry into the space have been some of the key reasons behind SVU’s share price decline. It was reported on April 6 that the company is exploring the possibility of a potential sale after facing pressure from activist shareholders, including Blackwells Capital LLC. SVU’s share price soared on the news and closed 9.3% higher on April 6.
OBJ spoke with several industry leaders to try to defog some of the mystery surrounding the Tax Cuts & Jobs Act. Here's what we found out.
Its profits aren't as stable, but income investors should still favor Home Depot's stock over the global retailing titan's right now.